Stocks move in premarket trading as Netflix, Nucor and Xenon fall
Stocks moving today: Netflix, Nucor and crypto names swing before the open. See why earnings, downgrades and bitcoin are driving premarket action now.
Several stocks moved sharply before the opening bell on Friday, including Netflix, Nucor, Xenon Pharmaceuticals and companies tied to cryptocurrency trading.
Steel producers Nucor and Steel Dynamics fell after giving thirdquarter earnings guidance that came in below analyst expectations. Nucor also said it expects gains in its steel mills and steel products units, while its raw materials segment may weaken.
Netflix declined after Wells Fargo downgraded the stock, citing softer engagement trends and expected weakness in content releases later in 2026. Xenon Pharmaceuticals dropped after pausing new patient enrollment in its depression trials because of neuropsychiatric side effects. Cryptolinked stocks such as Robinhood, Coinbase and Strategy rose as bitcoin climbed back above $78,000. Macom Technology Solutions advanced after BMO Capital Markets upgraded the shares.